Floyd Mayweather Loses the WBO Welterweight Title he Won from Manny Pacquiao

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Floyd "Money" Mayweather Jr. was awarded the WBO welterweight title later he defeated Manny "Pac-Man" Pacquiao last  May 2, but it was announced last Friday that the 38 years old world champion was stripped of the championship because of because of a lack of compliance.

According to the news Mayweather declined to pay the $200,000 sanctioning fee for the title by the deadline. Also, he decided to vacate the WBA and WBC junior middleweight titles, which was necessary since boxers are not permitted to hold world championships in multiple weight classes,


Right after the fight with Pacquiao, Mayweather announced that he will voluntarily give up all his boxing titles to give way to younger boxes, saying,

"I don't know if it will be Monday or maybe a couple weeks. I'll talk to my team and see what we need to do. Other fighters need a chance. Give other fighters a chance. I'm not greedy. 

I'm a world champion in two different weight classes. It's time to let other fighters fight for the belt."

Here's what happened, Mayweather received his prize money that is more than $200 Million from WBO after beating Pacquiao in the so called "Fight Of the Century", and the richest fight in boxing history. Therefore he is required to pay the sanction fee to WBO so he can keep the title. The deadline was last Friday, July 3,2015.

The Title will not go to Manny Pacquaio instead the WBO will be giving it to 147 pound belt Timothy Bradley Jr. who beat Jessie Vargas lat month and won the interim WBO welterweight belt. But still Mayweather will be keeping his 48-0 record and he has 14 days to file a petition to get back his title again.

By the way, $200,000 is only equivalent to 0.1% of $200 Million. This will make us wonder why He didnt able to pay it on time. There is a humor that he is under the spell of Rihanna, who blatantly put duct tape on his mouth during the recent BET awards.

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